Closings at the top of the market are running 45% ahead of a record 2025 and May was the biggest $4M+ month ever — but sellers are arriving even faster, and one in four is cutting price.
The $4M+ market is having its biggest year ever on both sides of the ledger. Closings at the top of Greater Nashville's market are up +45% year-to-date — 109 through June 12 versus 75 a year ago — on top of a 2025 that was already the record year. May 2026 was the single biggest $4M+ month ever recorded (27 closings). And at the same moment, the number of homes asking $4M+ just hit an all-time high of 260, new luxury listings are arriving 31% faster than last year, and one in four of those sellers has already cut price. Record demand, record supply, both at once — this post walks through which side is winning.
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